I have the Judgement of Foreclosure and Sale from the case and it states the sheriffs office is to remove the people and their items from the property and to put myself, the successful bidder, in possession of the property without delay.

Finding a good renter who likes condo living seems like a relatively safe bet...if the positive cash flow is not eaten away by capital expenditures, lack of reserves, and routine maintenance on big ticket items.  

If I were you I'd find a niche item that could easily be 3D printed and then custom make it for residential DIYers, construction companies, and handymen.

Capital Expenses, items that are not just consumables like appliances, roofing, AC, all have what is called a Class Life and get depreciated according to IRS rules for that Class.  

He said that I could get about $30,000 of the rehab costs through a program like ygreen.com, basically if you upgrade Windows, roof, drought tolerant landscaping, and other energy efficient items, you are able to get a loan that is attached to the property taxes for the property.

You'll have to figure your adjusted basis including a small amount of depreciation and untaken expenses and capitalized items.  

don't know there is in many other states.. plus as stated no income tax.Oregon has no sales tax.. and that's cool when your buying high ticket items like a car for instance or a million dollar motor home.. or a 3 million dollar plane.. then it offsets nicely.

Also have a list of items that you have fixed up or upgraded and give that list to the appraiser. 

I do have material allowances for some items, which on my $170-200k builds, is about $30-35k.

Items needed include:  new HVAC (current was installed in 2003), new water heater (the house has two, one is new, and the other was made in 1998), significant bathroom repairs/remodels in both bathrooms to re-do unskilled labor, window replacement to re-do unskilled labor, destruction of the garage and rebuilding the roof to be without the garage, destruction of a cinder block wall that was supposed to be used with the garage, finishing the driveway that was half-completed, fixing plumbing violations, new flooring and paint in the entire 2000 sq ft house, updating tax records with number of rooms and bedrooms, and some cosmetic updates.I initially offered $90-95k range, and said I would present a final offer upon review of the repairs.